Coverage is much better in London egInvestika says Berong nickel...

Coverage is much better in London eg


Investika says Berong nickel project granted priority development status



Investika said Wednesday that the Berong Nickel Project (BNC) has been granted priority development status, and is now included among the priority mining development projects monitored by the Mines and Geosciences Bureau (MGB) under the Mining Revitalization Program of the Philippines.

Priority projects can expect full support and facilitation on permits and other government documents requiring approvals, as well as speedy action to resolve any impediments to project execution.

Priority Project Status was granted to BNC by the MGB Director, Horacio C Ramos.

The Berong Nickel Project is a Joint Venture between Toledo Mining Corporation Plc, Atlas Consolidated Mining & Development Corporation, and Investika Ltd.

George Bujtor, CEO of Toledo Mining Corporation, said, 'The full support of The Department of Environment and Natural Resources (DENR) has enabled the rapid development of the Berong Nickel Project, and the granting of priority project status will help us to maintain our momentum as we build production to 1 million dmt per year'.

Commercial mining operations are expected to commence in November/December and are dependent upon attaining the necessary final approvals from the Philippine Government. The grade of laterite ore to be mined in the first year of operations is estimated to average approximately 1.9% nickel. Some shipment grades above 2% nickel can be expected in the early years.